Precious metals split Wednesday with gains and losses. Gold and palladium rose modestly, silver fell slightly, and platinum dropped sharply.
Gold for December delivery ticked up 40 cents, or 0.02%, to settle at $1,814.50 an ounce on the Comex division of the New York Mercantile Exchange.
Gold "has rebounded after testing the $1,810 support level for the past two days and it looks poised to break resistance around $1830 next as it continues to make bullish price action on the intraday charts," said Fawad Razaqzada, analyst at ThinkMarkets, in a note reported by MarketWatch.
Gold futures ranged from a low of $1,808.30 to a high of $1,835.90. They lost 0.4% on Tuesday and they rose 0.3% on Monday.
Silver for September delivery declined 12.1 cents, or 0.5%, to settle at $25.461 an ounce. Silver futures traded between $25.37 and $26.09. They inched up 0.03% on Tuesday and they edged 0.1% ahead on Monday.
In PGM futures prices Wednesday:
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October platinum fell $25.60, or 2.5%, to $1,021.30 an ounce, ranging from $1,016.60 to $1,052.
- Palladium for September delivery rose $6.40, or 0.2%, to $2,651.70 an ounce, trading between $2,644 and $2,680.
US Mint Bullion Sales in 2021
Published U.S. Mint bullion sales increased Wednesday by 2,500 ounces in American Gold Eagles and by 3,000 ounces in American Gold Buffalos.
Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Wednesday | Last Week | This Week / August | May | June | July | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 2,500 | 6,000 | 15,500 | 20,500 | 158,000 | 49,500 | 649,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 0 | 15,000 | 10,000 | 56,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 0 | 30,000 | 0 | 86,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 40,000 | 15,000 | 0 | 90,000 | 40,000 | 295,000 |
| $50 American Buffalo 1 Oz Gold Coin | 3,000 | 500 | 3,000 | 44,000 | 27,500 | 14,500 | 211,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 760,000 | 612,500 | 0 | 2,800,000 | 3,104,000 | 19,623,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 40,000 | 0 | 0 | 75,000 |
| Tuskegee Airmen 5 oz Silver Coin | 0 | 0 | 0 | 2,900 | 0 | 0 | 52,900 |
